Annual report pursuant to Section 13 and 15(d)

Debt - Credit Facilities Table (Details)

v3.22.4
Debt - Credit Facilities Table (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
unit
Rate
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Line of Credit Facility [Line Items]        
Outstanding balance - current   $ 0 $ 250  
Debt modification and extinguishment costs   $ (66) $ (116) $ (217)
Quarterly Non-Consolidated Leverage Ratio Covenant, Maximum | unit   5.50    
Debt Instrument, Liquidity Covenant Threshold, Sum Of Outstanding Loans And Unreimbursed Letters Of Credit, Percentage of Commitments, Minimum   35.00%    
SPL Working Capital Facility [Member]        
Line of Credit Facility [Line Items]        
Total facility size [1]   $ 1,200    
Outstanding balance [1]   0    
Letters of credit issued [1]   328    
Available commitment [1]   $ 872    
Debt Instrument, Description of Variable Rate Basis   LIBOR or base rate    
Maturity date [1]   Mar. 19, 2025    
SPL Working Capital Facility [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage [1],[2]   0.10%    
SPL Working Capital Facility [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage [1],[2]   0.30%    
SPL Working Capital Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [1],[2]   1.125%    
SPL Working Capital Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [1],[2]   1.75%    
SPL Working Capital Facility [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [1],[2]   0.125%    
SPL Working Capital Facility [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [1],[2]   0.75%    
CQP Credit Facilities [Member]        
Line of Credit Facility [Line Items]        
Total facility size [3]   $ 750    
Outstanding balance [3]   0    
Letters of credit issued [3]   0    
Available commitment [3]   $ 750    
Debt Instrument, Description of Variable Rate Basis   LIBOR or base rate    
Maturity date [3]   May 29, 2024    
CQP Credit Facilities [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage [2],[3]   0.375%    
CQP Credit Facilities [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage [2],[3]   0.638%    
CQP Credit Facilities [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[3]   1.25%    
CQP Credit Facilities [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[3]   2.125%    
CQP Credit Facilities [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[3]   0.25%    
CQP Credit Facilities [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[3]   1.125%    
CCH Credit Facility and CCH Working Capital Facility        
Line of Credit Facility [Line Items]        
Debt modification and extinguishment costs $ 20      
CCH Credit Facility [Member]        
Line of Credit Facility [Line Items]        
Total facility size [4],[5]   $ 3,260    
Outstanding balance [4],[5]   0    
Letters of credit issued [4],[5]   0    
Available commitment [4],[5]   $ 3,260    
Debt Instrument, Description of Variable Rate Basis   SOFR or base rate    
Line of Credit Facility, Commitment Fee Percentage [2],[4],[5]   52.50%    
Incremental commitments 3,700      
CCH Credit Facility [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Maturity date   Jun. 15, 2029    
Debt Instrument, Maturity Date, Years after Substantial Completion   2 years    
CCH Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility [Line Items]        
Debt Instrument, Credit Spread Adjustment On Variable Rate | Rate [2],[4],[5]   0.10%    
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[4],[5]   1.50%    
CCH Credit Facility [Member] | Base Rate [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate [2],[4],[5]   0.50%    
CCH Working Capital Facility [Member]        
Line of Credit Facility [Line Items]        
Total facility size [4],[6]   $ 1,500    
Outstanding balance - current [4],[6]   0    
Letters of credit issued [4],[6]   178    
Available commitment [4],[6]   $ 1,322    
Debt Instrument, Description of Variable Rate Basis   SOFR or base rate    
Maturity date [4],[6]   Jun. 15, 2027    
Incremental commitments $ 300      
CCH Working Capital Facility [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage [2],[4],[6]   0.10%    
CCH Working Capital Facility [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage [2],[4],[6]   0.20%    
CCH Working Capital Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate        
Line of Credit Facility [Line Items]        
Debt Instrument, Credit Spread Adjustment On Variable Rate | Rate [2],[4],[6]   0.10%    
CCH Working Capital Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[4],[6]   1.00%    
CCH Working Capital Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[4],[6]   1.50%    
CCH Working Capital Facility [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate [2],[4],[6]   0.00%    
CCH Working Capital Facility [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate [2],[4],[6]   0.50%    
Cheniere Revolving Credit Facility [Member]        
Line of Credit Facility [Line Items]        
Total facility size [7]   $ 1,250    
Outstanding balance [7]   0    
Letters of credit issued [7]   0    
Available commitment [7]   $ 1,250    
Debt Instrument, Description of Variable Rate Basis   LIBOR or base rate    
Maturity date [7]   Oct. 28, 2026    
Cheniere Revolving Credit Facility [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage [2],[7]   0.125%    
Cheniere Revolving Credit Facility [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage [2],[7]   0.375%    
Cheniere Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[7],[8]   1.125%    
Cheniere Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[7],[8]   2.25%    
Cheniere Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[7],[8]   0.125%    
Cheniere Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate | Rate [2],[7],[8]   1.25%    
[1] The obligations of SPL under the SPL Working Capital Facility are secured by substantially all of the assets of SPL as well as a pledge of all of the membership interests in SPL and certain future subsidiaries of SPL on a pari passu basis by a first priority lien with the SPL Senior Secured Notes. The SPL Working Capital Facility contains customary conditions precedent for extensions.
[2] The margin on the interest rate and the commitment fees are subject to change based on the applicable entity’s credit rating
[3] The obligations under the CQP Credit Facilities are unconditionally guaranteed by the CQP Guarantors.
[4] In June 2022, CCH amended and restated the CCH Credit Facility and the CCH Working Capital Facility resulting in $20 million of debt extinguishment and modification costs to, among other things, (1) provide incremental commitments of $3.7 billion and $300 million for the CCH Credit Facility and the CCH Working Capital Facility, respectively, in connection with the FID with respect to the Corpus Christi Stage 3 Project, (2) extend the maturity, (3) update the indexed interest rate to SOFR and (4) make certain other changes to the terms and conditions of each existing facility.
[5] The obligations of CCH under the CCH Credit Facility are secured by a first priority lien on substantially all of the assets of CCH and its subsidiaries and by a pledge by Cheniere CCH Holdco I of its limited liability company interests in CCH.
[6] The obligations of CCH under the CCH Working Capital Facility are secured by substantially all of the assets of CCH and the CCH Guarantors as well as all of the membership interests in CCH and each of the CCH Guarantors on a pari passu basis with the CCH Senior Secured Notes and the CCH Credit Facility.
[7] The Cheniere Revolving Credit Facility contains a financial covenant requiring us to maintain a non-consolidated leverage ratio not to exceed 5.50:1.00 as of the end of any fiscal quarter if (i) as of the last day of such fiscal quarter the aggregate principal amount of outstanding loans plus drawn and unreimbursed letters of credit is greater than 35% of the aggregate commitments under the Cheniere Revolving Credit Facility (a “Covenant Trigger Event”) or (ii) a Covenant Trigger Event had occurred and been continuing as of the last day of the immediately preceding fiscal quarter and as of the last day of such ending fiscal quarter such Covenant Trigger Event had not ceased for a period of at least thirty consecutive days.
[8] This facility was amended in 2021 to establish a SOFR-indexed replacement rate for LIBOR.